4580 33rd St, San Diego, CA 92116
Commercial property
Sold March 2026
Listing Agent: Christina Labowicz (DRE #02055851) · Listing Office: ACI Apartments · Contact: 619-299-3000 · Bought with: Ricardo Lopez · ACI Apartments · MLS #260001643SD · Source: CRMLS
About this commercial property
Welcome to Sun Villas, a well-located 8-unit asset in the heart of Normal Heights with a Walk Score of 92, offering walkable access to Adams Avenue, the cultural energy of North Park, and the charm of neighboring Kensington. One of San Diego’s most resilient submarkets, the area consistently attracts long-term tenants, supporting strong rent durability and low vacancy. The current in-place cap rate supports pricing based on existing cash flow and recent comparable sales on a price-per-unit basis. The property features a rare and highly functional unit mix of (6) 2-bedroom units and (2) 1-bedroom units—an uncommon configuration in the 92116 submarket—along with on-site laundry and 8 parking spaces, a scarce and highly desirable amenity in San Diego. Combined with efficient layouts, thoughtful improvements to most units, and rents positioned just below nearby comparables, Sun Villas offers a stable, defensible income profile with organic upside and long-term hold appeal.
Listing description from the March 2026 sale, as reported to CRMLS.
Sale history